The Wendy’s Company (NASDAQ:WEN) Shares Bought by Amundi

Amundi raised its position in The Wendy’s Company (NASDAQ:WEN) by 7,752.6% during the 4th quarter, Holdings Channel reports. The firm owned 190,032 shares of the restaurant operator’s stock after acquiring an additional 187,612 shares during the quarter. Amundi’s holdings in Wendy’s were worth $2,885,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. AMG National Trust Bank grew its holdings in Wendy’s by 21.5% in the fourth quarter. AMG National Trust Bank now owns 75,645 shares of the restaurant operator’s stock valued at $1,230,000 after purchasing an additional 13,369 shares during the last quarter. Edgestream Partners L.P. lifted its position in shares of Wendy’s by 255.3% in the fourth quarter. Edgestream Partners L.P. now owns 88,909 shares of the restaurant operator’s stock valued at $1,449,000 after acquiring an additional 63,883 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Wendy’s in the fourth quarter valued at $824,000. Proficio Capital Partners LLC purchased a new stake in shares of Wendy’s in the fourth quarter valued at $213,000. Finally, Victory Capital Management Inc. lifted its position in shares of Wendy’s by 93.0% in the fourth quarter. Victory Capital Management Inc. now owns 1,591,281 shares of the restaurant operator’s stock valued at $25,938,000 after acquiring an additional 766,910 shares in the last quarter. Institutional investors and hedge funds own 85.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Morgan Stanley restated an “underweight” rating and issued a $14.00 price objective (down from $22.00) on shares of Wendy’s in a research report on Tuesday, January 21st. Wedbush restated a “neutral” rating and issued a $16.00 price objective on shares of Wendy’s in a research report on Friday, March 7th. Citigroup increased their target price on Wendy’s from $15.50 to $16.50 and gave the stock a “neutral” rating in a research report on Friday, March 7th. TD Securities reiterated a “hold” rating and set a $16.00 target price on shares of Wendy’s in a research report on Friday, March 7th. Finally, Truist Financial reduced their target price on Wendy’s from $22.00 to $19.00 and set a “buy” rating on the stock in a research report on Friday, February 14th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Wendy’s currently has an average rating of “Hold” and a consensus price target of $18.08.

Wendy’s Stock Performance

NASDAQ WEN opened at $15.35 on Monday. The firm has a market capitalization of $3.08 billion, a P/E ratio of 16.16, a P/E/G ratio of 2.00 and a beta of 0.73. The company has a debt-to-equity ratio of 12.48, a current ratio of 1.85 and a quick ratio of 1.83. The Wendy’s Company has a 1-year low of $13.72 and a 1-year high of $20.65. The business’s 50-day simple moving average is $14.98 and its 200-day simple moving average is $16.88.

Wendy’s (NASDAQ:WEN) last announced its earnings results on Thursday, February 13th. The restaurant operator reported $0.25 EPS for the quarter, beating the consensus estimate of $0.24 by $0.01. The business had revenue of $574.27 million for the quarter, compared to the consensus estimate of $564.17 million. Wendy’s had a return on equity of 75.56% and a net margin of 8.65%. Equities analysts predict that The Wendy’s Company will post 0.99 EPS for the current year.

Wendy’s Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.00 annualized dividend and a dividend yield of 6.51%. Wendy’s’s payout ratio is currently 105.26%.

About Wendy’s

The Wendy’s Co engages in operating, developing, and franchising a system of quick-service restaurants. It offers hamburgers and related products, such as chicken breast sandwiches, nuggets, chili, and baked potatoes, French fries, freshly prepared salads, soft drinks, milk, coffee, frosty deserts, and kid’s meals.